Jocelyn Jason Realty Refinances Multifamily Property On Oak St. For $1.6M With Ponce Bank

The multifamily property located at 181-191 Oak St. in Westchester has undergone a refinance transaction. The property spans 12,601 square feet and consists of 18 units.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,600,000
• Address: 181-191 Oak St., Westchester
• Market: Westchester
• Loan Type: Refinance
• Loan Amount: $1,600,000
• Loan Terms: 75% LTV, Rate 4.75%, Term 15 Years, 30 Year Amortization

Ponce Bank served as the lender for this refinance transaction. Jocelyn Jason Realty, represented by Leonor Vicente, is the landlord of the property. Edward McCarthy from Redwood Capital Advisors acted as the broker for this deal.